AAPL Trade on Nov 26, 2021 10:30 from dominicci13: Tradervue User Stock Trades.

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dominicci13

 

Premarket plan: Following the major trend -4H timeframe-, and after a big drop in the entire market due to fear on new COVID-19 variant, $AAPL did a gap of almost $2.00. I don't think $AAPL is going to fill this gap today. If the price open below the $159.50 level, I can see a little rally to this same level at the market open, and then a breakdown below $159.00. If the price open above the same level of $159.50, I can see a pullback to this same level, and then a rally to fill the gap. On the bear side I'd wait this rally to the $159.50 level, that's where I'd take my first entry with a put option, with a stop-loss at the $159.65 breakout, and a take profit at the $159.00 level. For the bull side, if at the market open I see a pullback on the price to the $159.50 key level, that's where I'd take my entry with a call option, with a stop-loss at the $159.35 level breakdown, and a take profit at the $160.00 level. On both sides I have a 3.3:1 risk:reward ratio. If the market moves on my direction I'd take my second entry at the daily open price breakdown/breakout.

Second trade plan: If my first trade doesn't workout and I get out with my stop-loss. I'd take a second entry at the next level of $0.50, placing my stop-loss $0.15 cents below the level of my entry.

Stop-loss: $159.35 (Non-taken)

Entry level: $159.50

Take profit level: $160.00 (Non-taken)

Second entry: $160.00 breakout.

Trail-stop: $159.80

Plan respected? No.

What did I do different from my premarket plan? I didn't took my take-profit exit where I was supposed to.

If I did not followed my plan, what could've or should've I done differently on this trade? I should've taken my take-profit, but I got greedy and wanted more. Of course, if I waited a few seconds longer, I could've been profitable on this trade. But I increased my risk where I was not supposed to.

Comments: I got greedy, and that's my mistake from today. If I'd taken my profits where I was supposed to take it, this trade could've been a very good trade. I didn't respect my plan.


Execution detail:

Date/time Symbol Side Price Position
2021-11-26 10:30:18 AAPL buy $5.790 long
2021-11-26 10:31:03 AAPL buy $6.180 long
2021-11-26 10:31:08 AAPL sell $5.850 0


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